The opportunity to build
Financial Operations (FinOps) could be an emerging software category with a huge opportunity to rethink the way businesses manage their money. As a result, it is expected that a number of companies will build solutions.
Both payins and payouts can organise workflows into layers on top of the existing primitive workflows. These layers are:
- Moving payments
- Ledger/reconciliation to record payment entries and connect to the ERP.
- Dashboard - the ability to see and search transactions
- Intelligence - the ability to set alerts and catch errors.
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As companies continue to expand globally and new payment methods are created, there is an increasing need for a new generation of “financial operations” (FinOps) to help businesses manage their money.
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